Direct Agency CMO Spreads

May 10, 2004, 12:00 a.m. EDT 1 Min Read

Average Life (Yrs.)	0 to 2	2 to 7	7+

PAC
05/05/04	161	170	160
Previous Week	163	169	158
1-Month Average	163	170	159
12-Month Range	130-170	140-190	150-190

TAC
05/05/04	50	138	162
Previous Week	50	139	163
1-Month Average	50	139	163
12-Month Range	40-90	100-160	150-190

SEQ
05/05/04	110	144	180
Previous Week	111	145	181
1-Month Average	111	145	181
12-Month Range	100-140	130-170	140-200

All nominal spreads are in basis points over the equivalent maturity Treasury and are derived from actual transactions in each of the sectors defined.Source: Capital Management Sciences

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